Elon Musk Takes Control of Twitter, Fires CEO and Other Top Executives

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Image: Twitter

Elon Musk is now officially in charge of Twitter, one of the world’s most popular social media networks, as highlighted by sources with CNBC, which revealed last night that Twitter CEO Parag Agrawal and finance chief Ned Segal had left the company’s San Francisco headquarters. Vijaya Gadde, Twitter’s head of legal policy, trust, and safety, was also fired, according to a separate report from The Washington Post that noted how the Tesla CEO had removed Twitter’s top executives. Musk has since confirmed the completion of his $44 billion Twitter takeover by tweeting “the bird is freed” and changing his Twitter description to “Chief Twit,” following a stunt in which he arrived at Twitter HQ earlier this week carrying a sink and tweeting “Entering Twitter HQ – let that sink in!”

“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk said in a recent message to advertisers. “There is currently great danger that social media will splinter into far-right wing and far left-wing echo chambers that generate more hate and divide our society.”

From a CNBC report:

Earlier in October, Musk had a change of heart and said he wanted to pursue his acquisition of Twitter at the original price of $54.20 a share if the social messaging service dropped its litigation. Distrustful of Musk’s motivations, Twitter’s lawyers said the Tesla CEO’s “proposal is an invitation to further mischief and delay.”

A Delaware Chancery Court judge eventually ruled that Musk had until Oct. 28 to cement the Twitter deal or head to trial.

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Tsing Mui
News poster at The FPS Review.

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